IDEX CORP /DE/
IEX · Pumps & Pumping Equipment · 74.0M shares · -0%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $2M (gross $24M, SBC $22M)
Reference price $214.95 · est. market cap ~$15.9B — last insider sale, 2026-05-11 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B81Diversified niche-industrial compounder with high margins, excellent cash conversion, and pricing power across advantaged markets.
Strengths
- Top-decile operating margin 20.2% (87th) and strong net margin 14.0% (80th), ROA 7.0% (83rd)
- Outstanding cash generation: FCF margin 17.8% (80th), FCF 103% of adjusted net income; record sales +6%
Risks
- Organic growth only +1% with volume softness in FMT/FSDP; net income -4.3% on higher interest and amortization
- Acquisition-dependent growth strategy and integration risk; some end-market (fire/safety, dispensing) weakness
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
44.5%
Operating margin
20.2%
Net margin
14.0%
Return on equity
12.0%
Return on assets
7.0%
ROIC
9.4%
Revenue growth (QoQ)
-1.4%
Net-income growth
-4.3%
Debt / equity
0.5×
Current ratio
2.9×
Free cash flow
$617M
Tangible book value
-$634M
Cash & investments
$580M
Stock comp / revenue
0.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-11 | ASHLEMAN ERIC D | Sell | 4.9K | $215.81 |
| 2026-05-11 | ASHLEMAN ERIC D | Option exercise | 15K | $93.27 |
| 2026-05-11 | ASHLEMAN ERIC D | Sell | 10K | $214.95 |
| 2026-05-06 | Quiroz Alejandro | Grant | 805 | — |
| 2026-05-06 | Helmkamp Katrina L | Grant | 1.0K | — |
| 2026-05-06 | Gunter Lakecia N | Grant | 805 | — |
| 2026-05-06 | Glastra Matthijs | Grant | 805 | — |
| 2026-05-06 | BUTHMAN MARK A | Grant | 805 | — |
| 2026-05-06 | Beck Mark A | Grant | 805 | — |
| 2026-05-06 | Watts Stanfield Paris | Grant | 805 | — |
| 2026-05-06 | Disher Stephanie | Grant | 805 | — |
| 2026-05-06 | Christenson Carl R | Grant | 805 | — |
| 2026-02-23 | Tereso Tara M. | Tax withheld | 154 | $207.48 |
| 2026-02-22 | ASHLEMAN ERIC D | Grant | 9.0K | — |
| 2026-02-20 | Lausas Allison S | Tax withheld | 179 | $207.86 |
| 2026-02-19 | Tereso Tara M. | Grant | 1.1K | — |
| 2026-02-19 | Simmons William L. | Grant | 1.1K | — |
| 2026-02-19 | Lausas Allison S | Grant | 275 | — |
| 2026-02-19 | Gillen Sean M. | Grant | 2.4K | — |
| 2026-02-19 | Anderson Lisa M | Grant | 1.2K | — |
| 2026-01-05 | Gillen Sean M. | Grant | 17K | — |
| 2025-11-05 | Christenson Carl R | Buy | 600 | $169.41 |
| 2025-08-07 | Helmkamp Katrina L | Buy | 2.5K | $159.61 |
| 2025-06-05 | Mahendra Akhil | Sell | 250 | $180.89 |
| 2025-05-30 | Mahendra Akhil | Grant | 2.8K | — |
| 2025-05-08 | BUTHMAN MARK A | Grant | 895 | — |
| 2025-05-08 | Watts Stanfield Paris | Grant | 895 | — |
| 2025-05-08 | Quiroz Alejandro | Grant | 895 | — |
| 2025-05-08 | Helmkamp Katrina L | Grant | 1.2K | — |
| 2025-05-08 | Gunter Lakecia N | Grant | 895 | — |
| 2025-05-08 | Glastra Matthijs | Grant | 895 | — |
| 2025-05-08 | Disher Stephanie | Grant | 895 | — |
| 2025-05-08 | Christenson Carl R | Grant | 895 | — |
| 2025-05-08 | Beck Mark A | Grant | 895 | — |
| 2025-02-21 | Glastra Matthijs | Grant | 180 | — |
| 2025-02-21 | Disher Stephanie | Grant | 180 | — |
| 2025-02-20 | Unnikrishnan Roopa | Grant | 830 | — |
| 2025-02-20 | Lausas Allison S | Grant | 775 | — |
| 2025-02-20 | Khandelwal Abhishek | Grant | 1.7K | — |
| 2025-02-20 | Flores Melissa S | Grant | 865 | — |
| 2025-02-20 | ASHLEMAN ERIC D | Grant | 7.8K | — |
| 2025-02-20 | Anderson Lisa M | Grant | 1.0K | — |
| 2025-02-11 | Unnikrishnan Roopa | Grant | 657 | $196.45 |
| 2025-02-11 | Unnikrishnan Roopa | Tax withheld | 369 | $196.45 |
| 2025-02-11 | Lausas Allison S | Grant | 345 | $196.45 |
| 2025-02-11 | Lausas Allison S | Tax withheld | 172 | $196.45 |
| 2025-02-11 | Flores Melissa S | Grant | 777 | $196.45 |
| 2025-02-11 | Flores Melissa S | Tax withheld | 377 | $196.45 |
| 2025-02-11 | ASHLEMAN ERIC D | Grant | 7.1K | $196.45 |
| 2025-02-11 | ASHLEMAN ERIC D | Tax withheld | 3.1K | $196.45 |
| 2025-02-11 | Anderson Lisa M | Grant | 862 | $196.45 |
| 2025-02-11 | Anderson Lisa M | Tax withheld | 413 | $196.45 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-08 | Shareholder voteExhibits | filing ↗ |
| 2026-04-29 | ResultsExhibits | filing ↗ |
| 2026-02-09 | Exec/director change | filing ↗ |
| 2026-02-04 | ResultsExhibits | filing ↗ |
| 2025-12-04 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-10-29 | ResultsExhibits | filing ↗ |
| 2025-09-18 | Reg FDOtherExhibits | filing ↗ |
| 2025-07-30 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-08 | 2026-05-06 | 0000832101-26-000012 ↗ |
| 8-K | 2026-04-29 | 2026-04-29 | 0000832101-26-000007 ↗ |
| 10-Q | 2026-04-29 | 2026-03-31 | 0000832101-26-000009 ↗ |
| 10-K | 2026-02-19 | 2025-12-31 | 0000832101-26-000003 ↗ |
| 8-K | 2026-02-09 | 2026-02-04 | 0001193125-26-042918 ↗ |
| 8-K | 2026-02-04 | 2026-02-04 | 0001628280-26-005268 ↗ |
| 8-K | 2025-12-04 | 2025-12-01 | 0001193125-25-308187 ↗ |
| 10-Q | 2025-10-29 | 2025-09-30 | 0001628280-25-047080 ↗ |
| 8-K | 2025-10-29 | 2025-10-29 | 0001628280-25-046909 ↗ |
| 8-K | 2025-09-18 | 2025-09-17 | 0000832101-25-000034 ↗ |
| 10-Q | 2025-07-30 | 2025-06-30 | 0000832101-25-000032 ↗ |
| 8-K | 2025-07-30 | 2025-07-30 | 0000832101-25-000030 ↗ |